Sony recently announced that more than 6 million PlayStation 4s had sold since its launch on Nov. 15 last year. Though Sony was initially winning the next-gen console race, Microsoft may be hot on Sony’s heels, considering the Xbox One saw a 60 percent increase in sales in February, according to NPD.

While Sony currently does boast higher sales than Microsoft, Microsoft may be making more money than its competitor, according to PC Magazine. According to market research group NPD, Microsoft is raking in more profit than Sony due to its higher price. The Xbox One, which launched on Nov. 22, 2013, is priced at $499 -- $100 higher than the PS4.

On March 13, Microsoft released a statement regarding the success of the Xbox One, calling it the most successful launch in Xbox history. “Xbox One continues selling at a record-breaking pace with 258,000 units sold in the U.S. in the month of February, surpassing Xbox 360 sales by over 61 percent at the same point in time,” the statement read. “And, Xbox 360 continues to grow its install base with 114,000 units sold in February in the U.S. in its 100th month on the market in the U.S., more than any other seventh generation console. The growing fan base for Xbox 360 will have their opportunity to play ‘Titanfall,’ when it launches on Xbox 360 on March 25.”

Microsoft also revealed some impressive sales figure: More than 772,000 Xbox One games sold in February, while 2.46 million Xbox 360 games also exited shelves. The combined sales figures made for 48 percent of the total software market share. The Xbox One is also averaging 2.75 games sold per console.

The Xbox One and Xbox 360 sold more hardware than any other home console platform and was accountable for 43 percent of the home console market share in the U.S.